hijos d'algo" of globalization, for your whole generation, what's coming is a horror. Socially and personally. And there's no sense hoping "it will all just blow over."" />
hijos d'algo" of globalization, for your whole generation, what's coming is a horror. Socially and personally. And there's no sense hoping "it will all just blow over."" />
hijos d'algo" of globalization, for your whole generation, what's coming is a horror. Socially and personally. And there's no sense hoping "it will all just blow over."">

Let’s be honest. For you, someone who’s not among the new “hijos d’algo” of globalization, for your whole generation, what’s coming is a horror. Socially and personally. And there’s no sense hoping “it will all just blow over.”

Because if unemployment comes together with temp work, what we’re seeing is not temporary, it’s a process of dualization. Generational dualization: the children compensate, through salary reductions and temp contracts, the costs of firing the parents. Additionally, it’s sectoral dualization: services compensate through price for the inefficiencies of the surviving obsolete industries.

Result: jobs with higher qualifications and productivity become lower-paid than industrial jobs, overqualified children make less than their parents for the same work, the discontinuity in employment raises the retirement age, and the new home with adult children and even grandchildren, becomes the major investment of the family unit.

The hunger for home ownership is awakened and becomes an intergenerational cause: renting is dangerous when you can’t make long-term plans, so entry and part of the transition costs are borne by the parents. Mommy will fill the fridge with food in Tupperware on Mondays.

And if we look at it from the point of view of businesses, the picture is completed. On the one hand, you have social expenses: workers negotiate their salaries for what they make, but what the business pays is almost a third more. It’s a classic bargaining model. On the other hand, signaling mechanisms are broken, university degrees don’t indicate people’s capacities, even they themselves don’t seem able to do it in many cases… and yet, ever more ITC businesses understand the necessity of of understanding interrelationships, and that their costliest move is hiring the wrong person. And it’s not even because of the severance pay, but, above all, because in a world with dissipation of rents, a step backwards means a lot in opportunity costs. And this is all the more true, the smaller your scale, because when “people” doesn’t mean a universalist and abstract aggregate reducible to statistics, but rather a group of real names, a real community, a person, the geometry of the conversation changes.

Result: when you have a market that’s increasingly temporary, with people who are better-trained, and — as such, we assume — more versatile, but with higher transaction costs, businesses will necessarily appear who see a market for mediating and assuming part of these costs as a financial risk. In the ’90s, it was temp agencies. Today, it’s freelancer agencies.